HomeLight

OCTOBER 5, 2020

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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Short sale Sales Banks Due diligence 63

CT Homes

JUNE 4, 2024

Selling a home in forbearance involves paying off your mortgage, including any deferred payments, at the closing of the sale. List Your Home for Sale: Put your home on the market and find a buyer. Close the Sale: Complete the sale and use the proceeds to pay off the remaining mortgage balance. What is Forbearance?

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Short sale Equity Inspection Mortgages 82

Realty Biz

MAY 8, 2023

In many American cities, the housing market is very hot. Thanks to low mortgage rates and the shift to working from home, cities like Las Vegas, Nashville, Phoenix, and Austin often have more demand for housing markets than stocks. Non-market decision The Multiple Listing Service (MLS) does not list all properties for sale.

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HomeLight

FEBRUARY 26, 2021

These are all items that you may see listed for sale “as is” on sites like Facebook Marketplace or Craigslist. So how do “as is” sales in furniture and retail translate to “as is” sales in real estate? A couch with a red wine stain. An iPad with software issues. A car with a few dents and scratches.

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Point2Homes

DECEMBER 8, 2020

However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. A backup offer is not uncommon in real estate sales. A backup offer is not uncommon in real estate sales.

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145

Realty Biz

JULY 19, 2022

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession.

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Purchase and sale agreement Short sale Loans Inspection 101

Realty Biz

MARCH 2, 2023

However, this doesn't mean there are no good deals in the real estate market. The best way to start is to understand the market and create a plan. Read on to discover how to find cheap houses for sale. Check MLS Websites MLS platforms have some of the best bargains in the housing market.

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Sales MLS Short sale Banks 120

CT Homes

MARCH 7, 2024

The Role of Equity Equity is the portion of your home that you truly “own” — the difference between your home’s market value and the outstanding balance of your mortgage. This figure represents how much you need to pay to settle your mortgage in full at the time of sale.

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Purchase and sale agreement Mortgages Equity Short sale 78

Realty Biz

NOVEMBER 18, 2021

A BPO is also similar to a comparative market analysis (CMA) that real estate agents use to suggest a listing price to a seller. It boils down to a BPO being another tool that can be used to determine the current fair market value of a property. But don’t mistake a BPO for a home inspection. The Foundation of a BPO.

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Short sale Inspection Loans Banks 110

HomeLight

APRIL 29, 2021

From cocktail parties to backyard barbecues, it seems like everyone around you is talking about how hot the real estate market is. So does that mean you’re in a buyer’s market or a seller’s market? Like stock prices, the real estate market fluctuates. It can affect: How you prepare your home for sale.

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Realty Biz

SEPTEMBER 23, 2023

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Buyer agents play a crucial role in real estate transactions. Understanding the difference between buyer and seller's agents and how buyer's agents are compensated is essential.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

HomeLight

AUGUST 16, 2021

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Since this segment of the market is moving really quickly right now, Christina is here to share the systems and scripts that she’s used to help sell more than 2000 distressed properties in her 20-year career. Auction.com.

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HomeLight

JUNE 8, 2021

Even in today’s hot seller’s market where homes attract offers in as few as 16 days , it takes around 2-plus months to sell a house from list to close. And that doesn’t account for the weeks needed to clean, paint, and tidy up the property for its market debut. In a big hurry to sell your home?

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Short sale Agents Sales Days on market 108

HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. is not a simple or finite one.

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HomeLight

MARCH 18, 2022

A week is a short amount of time to accomplish any major project, let alone a task as complicated as selling a house. However, you aren’t the first seller to need a housing market express lane , and you do have options to improve your shot at a quick sale. Selling your house for cash is a creative way to land a quick sale.

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Real Trends

OCTOBER 21, 2022

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market.

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HomeLight

AUGUST 31, 2021

The bank will then list the property on the market and try to sell the home in a similar fashion to your average property. Distressed sales accounted for just 1% of all home sales in April 2021. Let’s take a look at the most common foreclosure sales and how they work. Short sale. What is a foreclosed home?

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HomeLight

SEPTEMBER 1, 2020

In a normal home sale, if the home inspection finds issues, you can negotiate with the seller. Typically, banks build the home’s condition into their asking price, which is why these sales can be cheaper than a non-distressed house in the same neighborhood. Could you finally have a chance to make it yours?

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Banks Agents Sales Short sale 81

HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Minnesota Median sales price in Minnesota $334,900 Average days on market (DOM) for Minnesota 32 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement. Real estate transfer taxes?

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HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales.

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Short sale Sales Pre-approval Equity 82

HomeLight

MARCH 23, 2023

But no matter the timing, experts agree that it’s important to identify some essential cooperative actions that can lead to a successful sale. Dividing up responsibilities for a successful sale Who is responsible for updating the other party on the status of the sale? Unsure What to Do With the House? need to be met (i.e.,

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HomeLight

NOVEMBER 10, 2021

Please visit the iBuyer’s website for the most up-to-date information on each individual program’s fees, market coverage, business model, and more. Before you work with one, you’ll have to weigh the pros of convenience and speed against the the possibility of receiving less than fair-market value and paying service fees.

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HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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Short sale Sales Pre-approval Pre-qualification 75

HomeLight

SEPTEMBER 1, 2020

There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. Here’s what you’ll be getting into.

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Banks Inspection contingency Inspection FHA loan 76

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. He points out that the bank isn’t likely to sell the property for less than market value. Short sales fall into the category of “distressed” sales.

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Short sale Sales Purchase and sale agreement Banks 82

HomeLight

JANUARY 3, 2022

iBuyers generally offer much closer to market value for homes than house flippers. An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. Sellers then pick a move date, and can often close in as little as two weeks.

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Agents Title Inspection Title search 91

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ? Well, it depends.

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Short sale Loans Sales FHA loan 138

HomeLight

MAY 23, 2022

Josh Muncey , a real estate agent with over $500 million in career sales and 16 years of experience selling in greater Boston, Massachusetts, says, “it’s hard to find a market in the Boston area that’s not feeling red hot lately.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

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As-is Inspection Investor Sales 88

HomeLight

AUGUST 25, 2020

That’s where selling a house off market can be the better option, says real estate agent Jim Griffin , a top real estate agent in Johnson City, Tennessee. Let’s look closer at what selling a house off market entails so you can decide if this is the right choice for you. What does ‘off market’ mean in real estate?

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Marketing MLS Pre-approval Sales 54

Marco Santarelli

OCTOBER 23, 2023

If you are looking for cheap homes for sale in California , you might be wondering if it is possible to find any properties under 50k. One of the easiest ways to find cheap homes for sale in California is to use online platforms that aggregate listings from various sources, such as Realtor , Redfin , Zillow , Point2 , or PropertyShark.

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Due diligence Banks Short sale Sales 52

HomeLight

MARCH 31, 2022

If you want to sell your home, but it has large issues you don’t have the time, money or desire to fix, you may consider listing your house for sale “as is.”. In this guide, we’ll walk you though what an “as is” sale really means — and what it doesn’t. An “as is” sale is pretty self-explanatory, but it comes with a few caveats.

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As-is Inspection Investor Short sale 117

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Maryland. Average days on market for Maryland. Looking to sell a house “as is” in Maryland?

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HomeLight

JUNE 23, 2023

Connect with a top agent near you to get an expert opinion on how much your house will sell for, what to fix before listing, and the latest local housing market trends. A house can avoid probate if it’s automatically passed on to survivors via a living trust , joint ownership , community property law , or transfer-on-death deed.

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HomeLight

JULY 31, 2021

The Pittsburgh real estate market draws investors with its budget-friendly home prices, profitable gross flipping ROI, and 90-plus neighborhoods to find a great investment. Most recently, a nationwide home-buying surge has pushed values even higher — Howard Hanna shows a median sale price in Pittsburgh of $235,238, in 2021.

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The Close

AUGUST 18, 2022

Dear [First name], Timing the real estate market to sell your home quickly and for the best price can sometimes be more art than science. Dear [First name], Timing the real estate market to sell your home quickly and for the best price can sometimes be more art than science. Expired Listing Letter for Luxury Markets. your name].

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Purchase and sale agreement Title Closing Short sale 98

HomeLight

DECEMBER 30, 2021

Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. He says that: “In my market, the contract is everything. In my market, the contract is everything. Buying a house is a pretty big deal. If you work with a buyer’s agent, you’ll sign a contract. Matt Laricy. Real Estate Agent.

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Purchase and sale agreement Title Short sale Closing 73

HomeLight

AUGUST 31, 2020

Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. You will also have to expect a drawn-out process and condition issues, and you’ll have to button up your insurance and inspection processes.

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